Summary - 111, Caelum Drive, COLCHESTER CO2 8FN
2 bed 1 bath Apartment
Chain-free riverside two-bed with parking — ideal for investors seeking low-maintenance rental income.
Chain-free second-floor apartment with river-view balcony
Allocated undercover parking space included
Master bedroom with en suite; efficient open-plan living/kitchen
110 years remaining on lease; leasehold tenure
Service charge ~£1,800pa and ground rent ~£300pa
Electric room heating only; no gas central heating
Cosmopolitan, student-oriented area; higher local crime levels
EPC C, built post-2007, double-glazed throughout
This second-floor, two-bedroom apartment on Caelum Drive offers a straightforward investment opportunity in a modern riverside development. The open-plan living/kitchen leads to a balcony with views over the River Colne, providing rental appeal and easy low-maintenance living. The master bedroom includes an en suite; a second bedroom and main bathroom complete the practical layout.
Practical running costs and tenure are clear: 110 years remain on the lease, an annual service charge of around £1,800 and ground rent of £300. Heating is via electric room heaters and main fuel is electricity; buyers should expect modest running costs but recognise the property does not have gas central heating. Parking is included with an allocated undercover space.
This flat is offered chain-free which speeds transaction for investors or buyers seeking a quick move. The building dates from 2007 onwards and benefits from double glazing and an EPC rating of C. Note the local area is described as a cosmopolitan, student-oriented neighbourhood with higher-than-average crime statistics — important if targeting family or higher-rent long-term tenants.
Overall this apartment suits investors or first-time buyers looking for a low-maintenance riverside unit with immediate rental potential. The property is best viewed as a modern, compact asset: strong location and parking, but with electric heating, notable service charges, and local area factors to weigh into yield and occupier choice.
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